Money market more balanced, BOT says
Thailand’s money market is more balanced with two-way capital flows, resulting in less intervention by the central bank.
Earlier, the Bank of Thailand allowed market mechanisms to work while intervening to curb currency volatility.
“The [money] market mechanism is now performing better with two-way flow” of capital, said Singhachai Boonyayotin, senior director of the BOT’s financial markets department.
Now, foreign capital flows in and out of Thai stocks and bonds while Thai investment, particularly direct investment, has been expanding outside the country thanks to the central bank’s more relaxed rules in this area, Singhachai said.
The baht has strengthened about 1.7 per cent since the end of last year. It was trading at 30.88 per US |dollar as of 5pm Bangkok time yesterday.
Thai exporters have better risk management…
Full story from The Nation at http://goo.gl/Qq9Z0
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Sunday, 9 March 2014
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